Accolade Investor Presentation Deck

37 Adjusted Gross Margin Reconciliation ($ in thousands) Fiscal year ended February 28 (29), Revenue Less: Cost of revenue, excluding depreciation and amortization Gross Profit, excluding depreciation and amortization Add: Stock-based compensation, cost of revenue Severance costs, costs of revenue Adjusted Gross Profit Gross Margin, excluding depreciation and amortization Adjusted Gross Margin *Please refer to page 27 for important information regarding non-GAAP financial measures 2020 $ 132,507 (73,685) 58,822 318 $ 59,140 44.4% 44.6% 2021 $ 170,358 (93,673) 76,685 948 $ 77,633 45.0% 45.6% 2022 $ 310,021 $363,142 (169,019) 141,002 3,197 $ 144,199 45.5% 2023 46.5% (198,905) 164,237 4,794 1,025 170,056 45.2% 46.8%

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